Документы и доклады

Development impact evaluation initiative : The economic impact of expanding access to finance in Mexico (Английский)

Аннотация

Financial development is strongly associated with economic growth across countries, and several recent studies have found a positive correlation between access to finance and poverty alleviation at the country level. However, these studies face severe... Подробнее +Financial development is strongly associated with economic growth across countries, and several recent studies have found a positive correlation between access to finance and poverty alleviation at the country level. However, these studies face severe identification issues, making it hard to establish a causal impact of increasing access to finance on economic outcomes. This policy brief presents the results from a study of a unique bank operating in Mexico that allows for the evaluation of the effect of increased access to financial services for low-income individuals on entrepreneurial activity, employment, and income. The study examines the effects of opening Banco Azteca in October 2002. This event was unique in that Banco Azteca opened branches in all of the pre-existing stores of its parent company, Grupo Elektra, a large consumer goods retailer. This allowed Banco Azteca to establish the second largest branch network in Mexico almost overnight, setting a world record in opening more than 800 branches at once.
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